TechNavio today launched its report Computer-aided Engineering Software Market in the APAC Region 2011-2015 based on an in-depth study focusing exclusively on the APAC region. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Engineering team said; ”The most important goal of Computer-aided Engineering (CAE) software is to perform these tasks immaculately. In the future, next-generation CAE software is expected to perform these monotonous tasks with the help of computer-aided iterative design (CAID) software, thus helping engineers become more productive.”
According to the report, the surge in the manufacturing activities being outsourced to countries in the APAC region is a major driver in the CAE Software market in this region. The main reasons for the increased outsourcing of manufacturing activities to the APAC region are the easy availability of low-cost labor and the less expensive supply chain in this region.
Further, the report also discusses that the high initial investment involved in the adoption of CAE software suites is a major challenge that impedes the growth of the CAE Software market in the APAC region.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit http://goo.gl/YzpGA
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TechNavio Announces the Publication of its Report – Computer-aided Engineering Software Market in the APAC Region 2011-2015
